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Social Security payments to get cost-of-living boost in January

Summary by Ground News
The 8.7% annual cost-of-living adjustment is aimed at helping them cope with high inflation. It will boost monthly payments by more than $140 to an average of roughly $1,827 for 2023. About 70 million people will get the increase, which follows a 5.9% adjustment for 2022.

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KCRG broke the news in Cedar Rapids, United States on Friday, December 30, 2022.
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